FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION

FLORENCE, SC, 29502-0547 (843) 661-1131 Est. 2003 EIN 20-0118161
B19— Education Form 990 501(c)(3)

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY, SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY.

Giving Portfolio

Total Grants
14
Total Giving
$6.9M
Recipients
14
Years Active
2017 - 2024
Avg grant: $490,525 Median: $331,672

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20242$2.4M $1.2M02
20232$1.1M $549K02
20222$969K $484K02
20212$584K $292K02
20202$504K $252K02
20192$655K $327K02
20172$663K $332K20

Sectors Funded

Education
7

Top States

South Carolina
14

Grantee Size Profile

$1M - $5M
7

Top Grantees

FRANCIS MARION UNIVERSITY
SC - 7 grants
$5.4M

Grants Awarded · 7 grants

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Financials

Total Revenue
$7,752,335
Total Expenses
$7,497,554
Net Assets
$13,006,750
4 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
20.8 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 9.2%
Expenses ↑ 26.7%
Revenue Sources
Earned revenue 93.8% Investment 5.4% Other 1.0%
Expense Breakdown
Program 98.6% Management 1.4%

Officers & Trustees (6)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jul 1, 2024 to Jun 30, 2025
$7,752,335 $7,497,554$13,006,750
2023 Form 990
Jul 1, 2023 to Jun 30, 2024
$7,096,786 $5,917,163$12,751,968
2022 Form 990
Jul 1, 2022 to Jun 30, 2023
$6,730,208 $5,710,871$11,572,345
2021 Form 990
Jul 1, 2021 to Jun 30, 2022
$6,663,284 $5,208,103$10,553,008
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$6,587,347 $4,956,596$9,097,827
2019 Form 990
Jul 1, 2019 to Jun 30, 2020
$6,292,316 $5,217,335$7,467,076
2017 Form 990
Jul 1, 2017 to Jun 30, 2018
$6,832,862 $5,353,349$6,100,413

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EIN: 20-0118161 · Source: IRS Form 990 e-file data